On the weekly time frame, a head and shoulders figure may be formed, which is a reversal for the price movement.
1 scenario: on the aisle price level $ 34 purchase, stop $ 33 (-3.5%), profit $ 42 (+ 22%)
Scenario 2: buying from current with a stop of $ 32 (-3%), profit of $ 42 (+ 27%), you can then buy 1/2 positions and buy the remaining 50% if the price goes above $ 34
1 scenario: on the aisle price level $ 34 purchase, stop $ 33 (-3.5%), profit $ 42 (+ 22%)
Scenario 2: buying from current with a stop of $ 32 (-3%), profit of $ 42 (+ 27%), you can then buy 1/2 positions and buy the remaining 50% if the price goes above $ 34
Trade active:
Bought at 33.54$ and 34.3$, the average price of 34$, stop 33.7$
Trade active:
stop 34,7$
Trade active:
Probably we will trade in the range of 34.9 $ -36.5 $
Trade closed: stop reached:
Left plus 1.5% stop, the movement did not go according to the planned scenario